FVRR Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	313.49M EUR	374.75M EUR	360.23M EUR	713.2M EUR
Enterprise Value	66.13M EUR	226.24M EUR	227.76M EUR	592.15M EUR
Valuation Multiples
Trailing P/E	10.77x	12.48x	12.53x	35.33x
Forward P/E	6.66x	--	--	--
Price to Sales	0.75x	0.9x	0.84x	2.2x
Price to Book	0.72x	0.86x	0.86x	1.73x
EV/Revenue	0.16x	0.54x	0.53x	1.83x
EV/EBITDA	1.23x	3.85x	4.29x	14.39x
Price to FCF (P/FCF)	3.73x	4.38x	3.72x	9.39x
EV/FCF	0.79x	2.64x	2.35x	7.8x
FCF Yield	26.83%	22.83%	26.91%	10.64%